Contract Note:
- A contract note details the quantity and price of shares traded, alongside the transaction date, time, and brokerage fees.
- Every transaction is given a distinct order code.
- Brokers issue contract notes within 24 hours of trade execution.
T+2 System:
- Trading transactions are finalized within 2 days.
- The pay-in day is when cash is remitted or securities are handed over (prior to T+2 day).
- On T+2 day (pay-out day), the exchange dispatches shares or settles payment with the broker.